Federal Register of Legislation - Australian Government

Primary content

Approvals as made
This Approval relates to the approval of the CHESS feeder system as an approved RTGS system under section 9 of the Payment Systems and Netting Act 1998.
Administered by: Treasury
Exempt from sunsetting by the Legislation (Exemptions and Other Matters) Regulation 2015 s12 item 49
Registered 21 Feb 2007
Tabling HistoryDate
Tabled HR11-Mar-2004
Tabled Senate11-Mar-2004
Gazetted 11 Mar 2004

Approval under the Payment Systems and Netting Act 1998

Approval No 1 of 2004



The RESERVE BANK OF AUSTRALIA makes the following approval under section 9 of the Payment Systems and Netting Act 1998:

1.      The Clearing House Electronic Subregister System (CHESS) is hereby approved as an “approved RTGS system” in terms of the Payment Systems and Netting Act.

2.      This approval is a disallowable instrument under section 46A of the Acts Interpretation Act 1901 and, accordingly, is being tabled before each House of the Commonwealth Parliament.

3.      Subject to disallowance, this approval will take effect from the date of notification in the Gazette.

4.      This approval replaces Approval No. 1 of 2000.

5.      This approval may be reviewed from time to time.



IJ Macfarlane
Reserve Bank of Australia

5 March 2004